WLFI price coils at $0.15, accumulation pattern signals bullish rally ahead
**WLFI Price Consolidates Near $0.15, Showing Signs of Potential Bullish Expansion**
WLFI (WLFI) price is currently consolidating near the $0.15 level, indicating an accumulation phase that could spark a bullish move toward the $0.19 resistance zone. After weeks of corrective movement, the price action is showing early signs of strength as support holds steady, suggesting a possible upward expansion if this momentum continues.
**Key Technical Points for WLFI Price:**
– **Support Zone:** The price is holding above the value area low, approximately between $0.14 and $0.15.
– **Accumulation Phase:** The current price structure reflects ongoing accumulation, with demand returning at these lower levels.
– **Resistance Target:** The next major resistance is at $0.19, which aligns with the point of control (POC) – a significant volume node on the chart.
From a technical standpoint, WLFI is trading near the value area low, indicating that sellers may be losing momentum while buyers start to step in. Price stability above this support zone for several days highlights consistent demand at these levels.
The POC near $0.19 is a critical resistance level. It marks a heavy volume area where previous supply emerged, making it a key barrier to watch for a breakout attempt. If price manages to reclaim this level accompanied by bullish volume, it could trigger a continuation rally toward higher resistances.
**Market Structure and Trend Outlook**
The 4-hour market structure supports this bullish outlook, with a recent higher low established at $0.14. This formation suggests a clear trend of upward continuation. As long as WLFI maintains this higher low, the probability of a move toward $0.19 remains elevated.
Maintaining price action above the value area low is essential to confirm the ongoing accumulation phase. A decisive breakout above $0.19 would validate the bullish thesis by confirming a higher high and extending the broader uptrend.
**Potential Risks**
However, if the price fails to sustain the current structure and falls below the $0.14-$0.15 support zone, the bullish outlook may weaken. This scenario could lead to a temporary retest of lower support levels before any further upward movement occurs.
**What to Expect Next**
As long as the $0.15 support holds firm, WLFI’s market structure remains bullish, and an upside rotation toward $0.19 appears likely. Traders should monitor for expanding bullish volume and confirming candlestick patterns on the 4-hour timeframe to validate this potential move.
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